Jack Dorsey Introduces Bitcoin Legal Defense Fund to Protect Open Source Developers

A caller missive published to the Bitcoin developers mailing database written by Square laminitis Jack Dorsey indicates that a ineligible defence money has been created for unfastened root developers successful bid to support them “from lawsuits regarding their activities successful the Bitcoin ecosystem.” Dorsey’s missive is besides signed by Alex Morcos of Chaincode Labs and Martin White, the co-founder of Hudson River Trading.

Jack Dorsey’s Open Letter to the Bitcoin Developers Mailing List Reveals Bitcoin Legal Defense Fund

According to an open letter from Jack Dorsey, Alex Morcos, and Martin White, “the Bitcoin assemblage is presently the taxable of multi-front litigation.” While the missive does not specifically item immoderate of the ineligible cases developers are dealing with, it mentions that “individual defendants person chosen to capitulate successful the lack of ineligible support.”

Open missive to Bitcoin developers from Jack Dorsey, Alex Morcos, and Martin White.

However, the missive does hint astatine the Tulip Trading lawsuit, which involves Craig Wright, the Australian who claims helium is Satoshi Nakamoto and the inventor of Bitcoin. “The Bitcoin Legal Defense Fund is simply a nonprofit entity that aims to minimize ineligible headaches that discourage bundle developers from actively processing Bitcoin and related projects specified arsenic the Lightning Network, Bitcoin privateness protocols, and the like,” the missive from Dorsey, White, and Morcos states. The unfastened missive continues:

The fund’s archetypal activities volition beryllium to instrumentality implicit coordination of the existing defence of the Tulip Trading suit against definite developers alleging breach of fiduciary work and supply the root of backing for extracurricular counsel. At this time, the money is not seeking to rise further wealth for its operations but volition bash truthful astatine the absorption of the committee if needed for further ineligible enactment oregon to wage for staff.

Bitcoin Community Appreciates Legal Defense Fund Effort

The missive explains that funny radical with questions oregon concerns tin email the fund’s squad and the email domain “bitcoindefensefund.org” is mentioned. The website seems to beryllium nether operation astatine the moment, arsenic a connection from the domain big Namebright notes the tract is “coming soon.” Of course, the Bitcoin Legal Defense Fund became a trending taxable connected societal media aft the unfastened missive was published.

Open root developer Bryan Bishop tweeted that helium was “very grateful to spot Jack’s enactment connected the Bitcoin Developer Legal Defense Fund.” Bitcoiner Marty Bent wrote: “Shoutout to Jack, Alex Morcos, and Martin White for stepping up to support Bitcoin developers from getting bogged down by lawsuits truthful they tin absorption connected what they bash best. Really chill to spot travel done the bitcoin-dev mailing database this evening,” Bent added.

What bash you deliberation astir the Bitcoin Developer Legal Defense Fund accusation Jack Dorsey published connected the developers’ mailing database connected Wednesday? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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